In Norway a court has ruled that Vest Tank must pay Alexela Logistics 160 million NOK (17.6 million) following a dispute.
Vest Tank sold the terminal to Alexela on false grounds.
Alexela Logistics management board member Heiti Hääl said that the court ruling noted that in selling the terminal, Vest Tank knowingly misled the buyer, gave false information on the contents of containers and the existence of licences necessary for operating the terminal.
Only a day after the sales transaction in spring of 2007, a major explosion took place in the terminal.
The company that sold the terminal was a fraudulent one and we are glad that by now, the court has ruled so, Hääl says.
In addition to direct financial damages, the subsidiaries of Alexela Logistics have faced pressure and criticism from the public in Norway and in Estonia and that has damaged the companys reputation and business operations.
The court ruled that Vest Tank has to pay 160 million kroner to Alexela Solvag which operates the terminal in Norway to cover the costs of emptying the containers, renovating the terminal and liquidating the pollution caused by the explosion.
